Focus on improving the fundamental Supply Chain capabilities.
A company’s Supply Chain has the power to differentiate its business versus its competitors and even give it the Decisive Competitive Edge. How do we build it?
This is done by improving the three fundamental Supply Chain capabilities of Demand Sensing (how soon do we decipher a shift in demand pattern), Responsiveness (how fast do we adjust the supply plan and execute it) and Flexibility (do we have multiple options to execute a fast and effective response).
Various Supply Chain packages, programs and tools are useful only if they help us move the needle on these fundamental capabilities. Let’s be careful and selective in deciding which ones to use and for which specific purpose…